I visited IC Market's official websites and I found out...

Q Quinton Oneal May 30 2022

I visited IC Market's official websites and I found out that they have 1:500 leverages, which is pretty awesome considering they are regulated under ASIC. Is this the maximum amount? Also, what instruments does this leveraged cover? Is this include the CFD trading as well. I have been wanting to try CFD and would love to enjoy more support from leverage as well.

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I IC Markets
Official Response
Jun 13 2022

Quinton Oneal: ICMarkets AU, the leverage is fixed to 1:30 and not 1:500. This was due to the product intervention by ASIC which was active from 28 March 202

ASIC’s product intervention order has restricted CFD leverage offered to retail clients to a maximum ratio of:

30:1 for CFDs referencing an exchange rate for a major currency pair

20:1 for CFDs referencing an exchange rate for a minor currency pair, gold or a major stock market index

10:1 for CFDs referencing a commodity (other than gold) or a minor stock market index

2:1 for CFDs referencing crypto-assets

5:1 for CFDs referencing shares or other assets

ICMarkets only offers CFD's